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Question 16 (CHAPTER 5) In general, for a given number of time periods, the HIGHER the interest rate per time period of a given amount
Question 16 (CHAPTER 5) In general, for a given number of time periods, the HIGHER the interest rate per time period of a given amount of money, the lower the Present Value, and the lower the Future Value the lower the Present Value, and the higher the Future Value the higher the Present Value, and the higher the Future Value the higher the Present Value, and the lower the Future Value
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